Shares of Toro (NYSE: TTC) are lagging the broader stock market Wednesday morning following an earlier downgrade from Sidoti's Robert Kosowsky. The stock last traded at $74.39, down about 1.4 percent from Tuesday's close.

Kosowsky now rates Toro shares a Neutral, down from Buy previously. The analyst boosted his price target on the stock from $81 to $83. Despite the Neutral rating, the analyst's new price target represents potential price appreciation of nearly 12 percent.

For an analyst ratings summary and ratings history on Toro click here. For more ratings news on Toro click here.